ComplianceTech Today Announced that the Massachusetts Division of Banking (DOB) has selected LendingPatterns™ for Examiners to Use. Read the full press release here.
ComplianceTech, McLean, VA, ComplianceTech today announced that the Massachusetts Division of Banking (DOB) has selected LendingPatterns™ for examiners to use in onsite and off-site fair lending supervision and monitoring of mortgage lenders in the Commonwealth of Massachusetts. LendingPatterns™ met the DOB’s requirement for a web-based market analysis solution to enable bank examiners to promptly rank lenders against institutions, particularly as it relates to their lending in substantially majority-minority census tracts.
“The Massachusetts Division of Banking joins other governmental or regulatory enforcement agencies who trust ComplianceTech’s suite of web-based software tools to improve workflow efficiency and effectiveness of their compliance and fair lending examinations,” said Michael Taliefero, Managing Director of ComplianceTech.